Brokerages Set Bumble Inc. (NASDAQ:BMBL) Target Price at $6.71

Bumble Inc. (NASDAQ:BMBL - Get Free Report) has been assigned an average recommendation of "Hold" from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.58.

Several brokerages recently weighed in on BMBL. Stifel Nicolaus reduced their price target on shares of Bumble from $6.00 to $4.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their target price on Bumble from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Citigroup dropped their price target on shares of Bumble from $6.80 to $4.80 and set a "neutral" rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group increased their target price on Bumble from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group upped their price target on Bumble from $5.00 to $6.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th.

Bumble Trading Down 1.5%

Bumble stock traded down $0.08 during mid-day trading on Tuesday, reaching $5.29. 1,728,482 shares of the company traded hands, compared to its average volume of 3,136,476. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. Bumble has a 52-week low of $3.55 and a 52-week high of $12.03. The firm's 50 day moving average price is $4.81 and its 200 day moving average price is $6.38. The firm has a market capitalization of $546.41 million, a price-to-earnings ratio of -1.08 and a beta of 1.76.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $247.10 million for the quarter, compared to the consensus estimate of $246.68 million. Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The company's revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. On average, analysts anticipate that Bumble will post 4.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bumble

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in shares of Bumble by 20.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock valued at $60,000 after buying an additional 1,249 shares in the last quarter. Franklin Resources Inc. increased its stake in Bumble by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 63,994 shares of the company's stock worth $521,000 after acquiring an additional 1,666 shares during the last quarter. Rhumbline Advisers raised its position in Bumble by 1.4% during the fourth quarter. Rhumbline Advisers now owns 155,006 shares of the company's stock valued at $1,262,000 after purchasing an additional 2,157 shares during the period. Aigen Investment Management LP raised its position in Bumble by 14.2% during the fourth quarter. Aigen Investment Management LP now owns 31,041 shares of the company's stock valued at $253,000 after purchasing an additional 3,853 shares during the period. Finally, Mariner LLC lifted its stake in shares of Bumble by 25.3% in the 4th quarter. Mariner LLC now owns 19,415 shares of the company's stock valued at $158,000 after purchasing an additional 3,926 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

About Bumble

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.